Inner Mongolia Yitai Coal : ANNOUNCEMENT POLL RESULTS OF THE FIRST EGM IN 2020

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ANNOUNCEMENT

POLL RESULTS OF THE FIRST EGM IN 2020

The board of directors (the "Board") of Inner Mongolia Yitai Coal Co., Ltd. (the "Company") is pleased to announce that the first extraordinary general meeting of the Company in 2020 (the "EGM") was held at Room 1, Conference Center, Building of Inner Mongolia Yitai Coal Co., Ltd., Ordos, Inner Mongolia, the PRC at 3:00 p.m. on Friday, 6 March 2020.

References are made to the circular of the Company dated 20 February 2020 (the "EGM Circular"), and the notice and the supplementary notice of the EGM of the Company dated 17 January 2020 and 20 February 2020, respectively. Unless otherwise indicated, the capitalized terms used in this announcement shall have the same meaning as those defined in the EGM Circular.

The Board is pleased to announce that the EGM was held at Room 1, Conference Center, Building of Inner Mongolia Yitai Coal Co., Ltd., Ordos, Inner Mongolia, the PRC at 3:00 p.m. on Friday, 6 March 2020. As at the date of the EGM, the total number of shares of the Company entitling the holders to attend and vote at the EGM was 3,254,007,000 shares (including 1,600,000,000 domestic shares, 1,328,000,000 B shares and 326,007,000 H shares), representing 100% of the total issued shares of the Company.

No shareholder was required to abstain from voting on any resolutions at the EGM. There were no shares entitling the holders to attend and vote solely against any resolutions at the EGM. None of the shareholders has stated their intention in the EGM Circular to vote against or to abstain from voting on any resolutions at the EGM. The holding of the EGM was in compliance with the requirements of the Company Law of the PRC and the articles of association of the Company. The EGM was chaired by Mr. Zhang Jingquan, Chairman of the Company.

* For identification purpose only

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The shareholders, holding in aggregate 2,076,080,818 shares of the Company (representing approximately 63.800748% of the issued shares with voting rights of the Company), were present in person or by proxy at the EGM. All resolutions proposed at the EGM were put to vote by way of poll.

The voting results in respect of the resolutions proposed at the EGM are as follows:

As more than 50% of the valid votes were cast in favor of this resolution from the shareholders (including authorized proxies) attending the EGM, the resolution was duly passed as an ordinary resolution.

As more than 50% of the valid votes were cast in favour of this resolution from the shareholders (including authorized proxies) attending the EGM, the resolution was duly passed as an ordinary resolution.

In compliance with the articles of association of the Company and the Listing Rules, Global Law Office (the Company's domestic legal advisor), representatives of shareholders, representatives of supervisors and Computershare Hong Kong Investor Services Limited (the Company's H share registrar) acted as scrutineers for the vote-taking of the EGM.

Save as the resolutions above, the Company has not received any proposal put forward by any shareholders holding 3% or more of the voting shares of the Company.

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Global Law Office witnessed the EGM and issued a legal opinion certifying that: (i) the convening and procedures of the EGM conformed to the requirements of the law, administrative regulations and the articles of association of the Company; (ii) attendees and the convener of the EGM were qualified and their qualifications were valid; and (iii) voting process and the voting results were lawful and valid.

By order of the Board

Inner Mongolia Yitai Coal Co., Ltd.

Zhang Jingquan

Chairman

Inner Mongolia, the PRC, 6 March 2020

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Jingquan, Mr. Liu Chunlin, Mr. Ge Yaoyong, Mr. Zhang Dongsheng, Mr. Liu Jian, Mr. Lv Guiliang and Mr. Lv Junjie; and the independent non-executive directors of the Company are Mr. Zhang Zhiming, Mr. Huang Sujian, Mr. Wong Hin Wing and Ms. Du Yingfen.

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